Fuel scarcity: NNPC yet to lift petrol from our refinery – Dangote

Dangote Group has confirmed that the Nigeria National Petroleum Company Limited (NNPC) is yet to begin lifting petrol from its refinery at a price of N897 per litre.

This was revealed in a statement on Thursday, signed by the Group’s Chief Branding and Communications Officer, Anthony Chiejina.

Chiejina noted that the company can not fix the price of petrol as it has yet to finalise its arrangement with the NNPCL

He said the attention of the group has been drawn to a headline, ‘NNPC lifts Dangote Petrol, sells at N897 per litre’.

“We would like to state that NNPC has not commenced lifting of refined Premium Motor Spirit (PMS), commonly known as petrol, from our Dangote Petroleum Refinery.

“Therefore, the issue of fixing the price of petrol lifted from our refinery does not arise, as we are yet to finalize our contract with NNPC,” the statement read in part.”

The company further emphasised that “the PMS market is strictly regulated, which is known to all oil marketers and stakeholders in the sector,” and therefore, “we cannot determine, fix, or influence the product price, which falls under the purview of relevant government authorities.”